\documentclass[]{article}
\setlength{\pdfpagewidth}{8.5in} \setlength{\pdfpageheight}{11in}
\begin{document}
\begin{tabular}{lccc} \hline
 & (1) & (2) & (3) \\
VARIABLES & FDl\_share5\_w & FDl\_share5\_w & FDl\_share5\_w \\ \hline
 &  &  &  \\
l\_va\_total\_FD & -0.501*** & -0.214*** & -0.504*** \\
 & (0.0346) & (0.0218) & (0.0353) \\
Constant & 0.00564*** & -0.00758 & 0.00569*** \\
 & (0.00183) & (0.00473) & (0.00184) \\
 &  &  &  \\
Observations & 179,267 & 544 & 178,723 \\
R-squared & 0.180 & 0.235 & 0.181 \\
Firm FE & No & No & No \\
Year FE & No & No & No \\
Cluster & Sector x Year & Sector x Year & Sector x Year \\
Firms & All Filter & Large$>$0.5 & Small$<$0.5 \\
 Filter &  & FD & FD \\ \hline
\multicolumn{4}{c}{ FD} \\
\multicolumn{4}{c}{ Robust standard errors in parentheses} \\
\multicolumn{4}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
\end{tabular}
\end{document}
